Many of our young adults pass through a college experience that leaves them burdened by heavy debt and a field of study choice that is likely to earn low wages. For many, the selection of a college and a major places oversized emphasis on the architectural beauty of the college, its “easy” courses, its students’ […]

Get used to hearing “trillion” – i.e., a million millions. Two decades ago, I heard a politician lament about government spending, “a million here, a million there, pretty soon you’re talking real money.” Today, Wall Street and Washington DC are awash in discussions of financial and economic factors that need measuring with a trillion dollar […]

Despite today’s nominal unemployment rate of 4.6%, median wages rose at an annual compound rate of just 1.4% between May 2008 and May 2015. In that same period, GDP grew by a compounded rate of 3.5%, partly because the period started with in a 6% growth hole. Most workers know that they have spent almost […]

In the depths of the great recession, the Federal Reserve (the Fed) chose to push interest rates down by buying massive amounts of Treasury notes and bonds. That tactic was meant to stimulate private sector investment and invigorate demand for additional employees. Unfortunately, holding interest rates very low for 6 years has starved pensions and […]

This op-ed discusses the attempt to bailout Puerto Rico’s massive debt. The bailout will likely push costs to bondholders and others, instead of taking steps to deal with the root cause — overspending. Who is holding Puerto Rico’s politicians responsible and what will prevent other states from trying to do the same? The article can be read […]

Illinois’ problems with government pension funds started with negotiated promises for excessive benefits. Some Illinois pensions run at $100,000 or more per year and half of employees retire with benefits before age 60. Those problems were inflamed by the state making smaller contributions than needed to support the benefit payouts. Instances of early retirements and […]

At the end of June 2015, Puerto Rico’s governor announced the Commonwealth was unable to repay the $72 billion in bonds and obligations it has amassed. The debt load owed by the 3.6 million Puerto Ricans is $20,000 per capita. In comparison, the current debt crisis in Greece is more severe at $28,475 in per […]

As we wriggle out from the worst recession in about 70 years, unfunded state and local pensions, and federal egos, could trigger the next financial calamity. The Congressional Budget Office estimated in 2011 that states and local government owed $2-3 trillion in unfunded pension liabilities for government employees. One state and one city at a […]

The European Union (EU) is a large trading partner for the US and so the EU’s economic health matters to American consumers and workers. We exchange goods and services from comparably skilled labor forces and from well-capitalized industries with comparable technology. Our trade with the EU is not about offshoring jobs to subsistence-wage workers. While the […]

The New York Federal Reserve Board reported in May 2012 that U.S. Household debt, including home mortgages, consumer credit, auto loans, and student loans totaled $11 trillion, down a little since 2011, as families adjusted what they owe to a more tolerable level. In contrast, Federal debt grows steadily and stands at $16.6 trillion. Big […]

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Americans are facing challenges sometimes caused by questionable public policy and regulations that raise industry costs – both of which lead to higher consumer prices and fewer choices for consumers. ACI's focus is to support concepts which spur competition, encourage innovation, create jobs and benefit consumers overall, while maintaining reasonable and necessary consumer safeguards.

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